Are you a homemaker and does not have investments yet? Read this article which provides brief details of investment in mutual funds through SIP.
Being a homemaker and caretaker of the house, your first and foremost obligation is to manage the funds of the house. Being the one who pays for domestic help and manages other expenses of the home, a homemaker is one of the best money managers who has the in-built ability to administrate the money. Many ladies save their pin money and bride prize with them only, but why do they not invest in mutual funds?
Before demonetization, the housewives kept their money in banks, but now they are afraid as it loses its value. However, now they can invest every month in mutual funds through systematic investment plan. The capital in mutual funds will never lose its value and also give you higher returns than that of the banks.
A small amount of money that a lady saves every month for future use can be invested in mutual funds through SIP investment mode. This will help her to save and also generate good returns in the long haul. Besides, there is no lock-in period in mutual fund investments except in ELSS so she can take out the money whenever needed.
Benefits of Investing Through SIP for Homemakers:
Financial planning is for everyone, either a homemaker or a working person. It helps in meeting the future financial goals and provides you with a solid financial foundation. Thus, mutual funds are the best financial instrument for homemakers, and its benefits are discussed under:
Why SIP?
SIP is a mode of investment, where you can invest on a regular basis, and a housewife does not have bulk money which could be invested via lumpsum. Besides, the amount invested through SIP compounds itself and helps you buy more units every month, and this gives you a good corpus at the end. This way, small and regular investments lead to better returns.
Another reason for investing through SIP is that your amount will be invested in the market at various points. Sometimes, the market will be up and sometimes it will be down. This helps in keeping your average cost of investment low, and even if the market falls, you will not face much loss. Be intelligent enough to make your each penny count and let it grow with the market through SIPs.
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